Bentonite comes under the speciality of clay (Aluminium Hydrosilicate), which has large used in the chemical industries, oil refineries industries, cosmetics industry. A particular feature of this group of minerals is the substitutions of Si4+ and Al3+ in the crystal structure by lower valency cations. Calcium bentonite is a useful adsorbent of ions in solution, as well as fats and oils. A colloidal native hydrated aluminium Silicate (clay) consist principally of montmoillonite Al2O3, 4SiO2 H2O usually contains some magnesium, iron and calcium carbonate.
The global market for bentonite offered an opportunity worth US$1.42 bn in 2015. Researchers anticipate it to rise at a CAGR of 3.0% from 2016 to 2024 and reach a value of US$1.85 bn by the end of 2024. By 2025 India may consume 30-34 million tons of oil. 2016-2017 edible non-edible imports expected 15 million tones. The global activated bleaching earth market to grow with a CAGR of 4.0% over the period of 2017 - 2023 The study on activated bleaching earth market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Row for the period of 2015 to 2023. As a whole there is a good scope for new entrepreneur to invest in this business.
Few Indian major players are as under
· Ashapura Minechem Ltd.
· Bituminex Cochin Pvt. Ltd.
· Earth International Pvt. Ltd.
· Gimpex Pvt. Ltd.
· Jamipol Ltd.
· Laviosa India Pvt. Ltd.
· Neelkanth Rockminerals Ltd.